On August 24, 2018, Ashok Leyland, the flagship company of the Hinduja Group and the largest supplier of wheeled military vehicles to the Indian army, announced that they had won a tender in the Tracked Vehicle space, for developmental work.
“As per the scope of work, the company will collaborate with Combat Vehicles Research and Development Establishment (CVRDE), Chennai, for the manufacture, assembly and testing of light weight clutch for the design and development of weight optimized 1500 hp Automatic Transmission for Main Battle Tanks,” informed Ashok Leyland through a press release.
“Ashok Leyland has been supplying to Indian Army since the last over 30 years. Our vehicles have a proven and excellent track record in various operations of our Army in India and also for UN missions abroad. We have an extensive service, parts and training network across the country through which we support these vehicles,” said Amandeep Singh, Head Defence, Ashok Leyland. A $ 4 billion (2017-18) company, with a footprint that extends across 50 countries, Ashok Leyland is one of the most fully-integrated manufacturing companies this side of the globe.
Ashok Leyland is the fourth largest manufacturer of buses in the world, and the 12th largest manufacturers of trucks. Headquartered in Chennai, their nine manufacturing plants gives an international footprint - seven in India, a bus manufacturing facility in Ras Al Khaimah (UAE), one at Leeds, United Kingdom and a joint venture with the Alteams Group for the manufacture of high-press die-casting extruded aluminium components for the automotive and telecommunications sectors. Ashok Leyland has recently been ranked as 38th best brand in India.
This story is from the October 16 - 31, 2018 edition of BUSINESS ECONOMICS.
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This story is from the October 16 - 31, 2018 edition of BUSINESS ECONOMICS.
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